by Dinesh Batra | Jul 21, 2020 | Legal and Tax Compliance
The Income Tax Department is all set to start an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from 20th July, 2020. The 11 days campaign ending on 31st July, 2020 focuses on the assesses/taxpayers who are either non-filers or have...
by Dinesh Batra | Jun 3, 2020 | Legal and Tax Compliance
CBDT has notified income tax forms for the assessment year 2020-21 (i.e. Financial year 2019-20) vide Notification No. 31/2020-Income Tax, dated 29th May, 2020. The new ITR forms require taxpayers to furnish details of specified high-spend transactions, such as...
by Dinesh Batra | Jun 1, 2020 | Legal and Tax Compliance
Form 26AS will now be a complete profile of the taxpayer w.e.f. 01.06.2020 CBDT vide Notification dated May 28, 2020 amended Form 26AS in Sec 285BB w.e.f. 01.06.2020. Key takeaways are: New form 26AS will provide information in respect of “Specified financial...
by Dinesh Batra | Apr 6, 2020 | Legal and Tax Compliance
Income Tax Returns Due Dates extended up to 30th June 2020 The news of extension of last date of filing the Income Tax Return for the F.Y. 2018-19 comes as a relief to many taxpayers across the country. This decision has been taken on account of the increasing spread...
by Dinesh Batra | Jul 3, 2019 | Legal and Tax Compliance
Tax season generally coincides with monsoon, unlike the latter, the former is not a season that taxpayer look forward to. Taxation by itself is complex. For the layman, it gets even more so when they have to file their ITR. The ITR forms are complicated as there are...
